Tennant Company Increases Dividend
October 30 2023 - 11:07AM
Business Wire
Marks 52nd Consecutive Increase in Annual Cash
Dividend
The Board of Directors of Tennant Company (NYSE: TNC) today
authorized to raise the quarterly cash dividend to $0.28 per share,
a 5.7% increase. The increased dividend is payable December 15,
2023, to shareholders of record at the close of business on
November 30, 2023.
“Our strong balance sheet, liquidity position and disciplined
capital allocation program allow us to continue to grow our
dividend and generate long-term value for our shareholders,” said
Tennant Company President and CEO Dave Huml.
Tennant Company has paid a cash dividend for the past 79
consecutive years and increased the dividend payout for 52
consecutive years.
Company Profile
Founded in 1870, Tennant Company (TNC), headquartered in Eden
Prairie, Minnesota, is a world leader in the design, manufacture
and marketing of solutions that help create a cleaner, safer and
healthier world. Its products include equipment for maintaining
surfaces in industrial, commercial and outdoor environments;
detergent-free and other sustainable cleaning technologies; and
cleaning tools and supplies. Tennant's global field service network
is the most extensive in the industry. Tennant Company had sales of
$1.09 billion in 2022 and has approximately 4,250 employees.
Tennant has manufacturing operations throughout the world and sells
products directly in 15 countries and through distributors in more
than 100 countries. For more information, visit www.tennantco.com
and www.ipcworldwide.com. The Tennant Company logo and other
trademarks designated with the symbol “®” are trademarks of Tennant
Company registered in the United States and/or other countries.
Category: Dividends
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version on businesswire.com: https://www.businesswire.com/news/home/20231030335585/en/
Lorenzo Bassi Vice President, Finance and Investor Relations
investors@tennantco.com 763-540-1242
Tennant (NYSE:TNC)
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